Advertised as the fastest electric vehicle in the world, the SP:01 comes with a mid-mounted electric motor producing 201 bhp (150 kW) and 225 Nm (166 lb-ft) of torque. It benefits from a carbon fiber body and has a lightweight 37 kWh battery pack which enables the 1,067 kg (2,354 lbs) EV to have a range of up to 306 km (190 miles). Charging the battery takes a little over four hours.

The electric motor is linked to the 6-speed manual gearbox from the Lotus Elise but with the final two gears deactivated. Customers can also order the car with a 2-speed automatic transmission which was "specially developed for electric and hybrid vehicles."

It's capable of performing the 0-62 mph (0-100 km/h) sprint in 3.7 seconds and can hit a top speed of 155 mph (249 km/h). The vehicle sits on 175/55 R16 front and 225/45 R17 rear tires, while the stopping power is provided by AP front / Brembo rear discs. It also has a system called 360 Powerback which can power the owner's home if necessary by using the stored electric energy in the batteries.

Limited to 999 units, Detroit Electric says they already received 35 orders for the SP:01. Production will commence this August at a new facility in Detroit and the car will carry a starting price of 135,000 USD. All units will benefit from a 3-year, 30,000-mile warranty which can be optionally increased to 5 years and 50,000 miles.